1.The country is facing both inflation and unemployment and policymakers are scratching their head about optimal monetary policy to cure the problem. Some economists are suggesting contraction and some are suggesting expansionary policy. Without taking any side, write a brief by supporting both policies with logic and arguments.

2, As a financial analyst, craft a bond indenture for an upcoming zero coupon bond. Add all the necessary terms that will cover the protective covenants too. You need to add trustee and interest rate risk provision at the same time sinking fund portion of the bond. All the numbers, names etc. will be fictitious and just for academic purposes.

(complete within 20 minutes)